S 2106 118th Congress Senate Taxation

Shelter Act

Introduced: June 22, 2023 Introduced by: Bennet, Michael F. Democratic · Colorado See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 22, 2023

Read twice and referred to the Committee on Finance.

Jun 22, 2023

Introduced in Senate

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Plain-English summary Congressional Research Service

Shelter Act

This bill allows individual and business taxpayers a new tax credit for 25% of qualified disaster mitigation expenditures. The credit is limited to $2,500 and $5,000 for individual taxpayers and business taxpayers respectively.

The bill defines qualified disaster mitigation expenditures to include expenditures to modify or improve a dwelling unit located in an area in which a federal natural disaster declaration has been made within the preceding five-year period.

What's happening now June 22, 2023

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version